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Venture Capital Funds - What Are They Doing?
Rigt: Benhorwitz came out with a 16 z, and it was kind of like shots fired at the venture capital industry. Rigt: They hired 50 people on pay roll, and they're poaching someone high up at google to come work for their fund in service of their portfolio companies. The second thing is that they bought their way into a whole bunch of good deals at the over priced valuation. rigt: Some were misses, liking a rap genius and stuff like that, though, those didn't work out.